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Japan’s Suzuki Motors to make investment worth $1.3 billion for EV production in India
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Japan's Suzuki Motor has announced that it plans to invest about 150 billion yen ($1.26 billion) to produce electric vehicles and batteries in India.
Japanese Prime Minister Fumio Kishida is visiting India on Saturday to meet Prime Minister Narendra Modi.
As per media sources, Suzuki's investment plan will be part of an announcement by Kishida during the trip. In total, Suzuki is expected to invest 5 trillion yen over the next five years in the country.
Suzuki has agreed to build a new electric vehicle production line in the country to start operations as early as 2025.
